Bitcoin Aiming at 54K

So far so good, Bitcoin looking pretty good lately and is showing potential across the whole market for the coming period. Alts have been moving strongly also past weeks, recovering strong after each drop. So all signs in favor of a bull market at the moment. I am not going to shout from the rooftops that we are in a big bull Bull market, but what I can tell you is this: My positions are ready for one, however they have been for from the start of 2023. I did increase my positions 2 months ago (when I posted some analysis on BTC, Link and SOL). I sold some SOL around 60/70 after a 2x (updated about it 2/3 weeks ago), but for the rest, I am probably not going to do anything for a while.

As long as BTC stays above 40kish, my view is up and if BTC manages to stay above the 40Kish, then it’s probably a very strong sign for 50K+ prices. Of course depends on the next push up, how it goes and other details, but will see as it happens. Even if BTC drops below 40K, it doesn’t mean we can’t make new highs for 2023/2024, but the potential will most likely be a whole lot less. So now I think 50K+ prices could easily be reached, maybe even withing days if we really break the 44/45K resistance. And from there on out I need to judge as it goes what could happen then. But if we drop below the 40K, even if we make a new high afterwards, I think it will be very limited, maybe even only high 40K prices.

But let’s keep it easy for now. Short term, ideally we stay above the 42Kish from now on, making higher lows in the shape of a triangle. Touching 44/44.5K, will be very good and think then a breakout will just be a matter of time. My best guess is, if we break the resistance at 44/45K, think 47/48K should be reached within a day or so.
So from my previous analysis, version nr 2 is in play for me. If we get the breakout and it’s strong, then a potential first target zone is around 53/55K.

So in short, as long as we stay above 42K coming days I see a lot of potential on the upside.


Wanted to show this chart I posted 2 months ago, now to be honest, when I posted it I did clearly say, I don’t think we will see a similar outcome. Still don’t think it’s very likely, but things look much better than 2 months ago. But don’t stare at this chart for too long 😊.




Trade wisely without fear and greed,


David